PPP Loan information for Modern molding, inc.

$850,000

Modern molding, inc. was initially approved for PPP Loan of amount $850,000, the current approved amount is $850,000. The loan was approved on 04/13/2020 by The Minnesota Lakes Bank reported 84 jobs and $850,000 was used to fund payroll.

Modern molding, inc. is Existing or more than 2 years old

PPP Loan Search / MN / DELANO / Modern molding, inc.

MODERN MOLDING, INC.

Date Approved

04/13/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MODERN MOLDING, INC.

Borrower Address

796 7TH ST

Borrower City

DELANO

Borrower State

MN

Borrower Zip

55328-8607

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

850000.00

Current Approval Amount

850000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36775

Servicing Lender Name

Minnesota Lakes Bank

Servicing Lender Address

710 Babcock Blvd East

Servicing Lender City

DELANO

Servicing Lender State

MN

Servicing Lender Zip

55328-8602

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DELANO

Project County Name

WRIGHT

Project State

MN

Project Zip

55328-8607

CD

MN-06

Jobs Reported

84

NAICS Code

326199

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

811000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

39000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

36775

Originating Lender

Minnesota Lakes Bank

Originating Lender City

DELANO

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

856965.28

Forgiveness Date

02/16/2021

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